Bijan Nassi Secures $22.5M Refinancing Loan From T30 Capital For Greenwich Village Office Properties
58 East 11th Street, 99 University Place & 60 East 11th Street
$22,500,000
Building Size
—
Asset Type
Office
Closing
Jul 17, 2025
About this deal
AI
There are three office properties involved in this transaction located at 58 East 11th Street, 99 University Place, and 60 East 11th Street. The total area of these properties is 82,320 square feet situated in the Greenwich Village market. The refinancing loan for these assets amounts to $22,500,000.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $22,500,000
- Lender: T30 Capital
- Landlord: Bijan Nassi
Bijan Nassi secured the refinancing loan through T30 Capital, allowing him to finance the three office properties collectively. The transaction took place on July 17, 2025.
On the Map
$22,500,000
Office
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Players
New York Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93